Govt cuts reserve price of rice for OMSS to ₹2,250/quintal
2 months ago

Govt cuts reserve price of rice for OMSS to ₹2,250/quintal

Live Mint  

In a move to enhance food security and boost ethanol production, Union food and consumer affairs minister Pralhad Joshi announced a revision to the Open Market Sale Scheme Policy for 2024-25. The updated policy, announced on 17 January, sets a reserve price of ₹2,250 per quintal for rice sold to state governments, state corporations, and community kitchens, without the need to participate in e-auctions, according to a government release. Additionally, the reserve price of rice intended for sale to ethanol distilleries has also been fixed at ₹2,250 per quintal, aligning with the country’s national energy strategy, the release added. "These decisions reflect the government’s commitment to assisting states in fulfilling their obligations under various welfare schemes, enhancing food security, and supporting ethanol production as part of the national energy strategy," the ministry said.

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